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ASBURY, NJ, JULY 17, 2008 – J.G. Petrucci Company, Inc. (“JGPCO”), one of the New Jersey and Pennsylvania region’s most respected development and design/build organizations, has appointed Newmark Knight Frank as leasing agent for Enterprise Avenue Industrial Park in Trenton, New Jersey. The development, within the Enterprise Avenue Redevelopment Zone, was formerly occupied by Carter Wallace and Federated Metals and is planned for 108,000 square feet in two buildings. The overall size of the site is seven acres. JGPCO was recently named as redeveloper by the City of Trenton after a highly competitive selection process.
Steve Tolkach, CCIM, SIOR, managing principal in Newmark Knight Frank’s Princeton office, stated “We are very pleased to have been selected as leasing agents for this project and anticipate substantial interest in the opportunity it represents.” He added, “Enterprise Avenue Industrial Park not only provides easy access to Route One, but further benefits from its location within Trenton’s Urban Enterprise Zone or ‘UEZ.’ UEZ status affords eligible businesses numerous advantages that may include low interest loans, grants, and significant tax savings.”
Greg Rogerson, a principal with JGPCO, noted “The redevelopment plan for the site envisions an attractive, light industrial/commercial center that will include a new public greenway along Assunpink Creek and the relocation of an existing rail spur.” He further stated, “It is anticipated that the development will include green and sustainable design elements, as well as significant streetscape and infrastructure improvements by the City of Trenton.”
About Newmark Knight Frank
Newmark Knight Frank is one of the largest independent real estate service firms in the world. They provide comprehensive real estate solutions to many of the most prominent corporations, property owners, investors and developers across the globe. Headquartered in New York, Newmark Knight Frank and London-based partner Knight Frank Newmark operate from over 165 offices in established and emerging property markets on six continents. With its depth of expertise and full range of services, Newmark Knight Frank effectively provides innovative and seamless solutions for our clients worldwide..
About J.G. Petrucci Company, Inc.
J.G. Petrucci Co., Inc (“JGPCO”) is a privately-held developer/builder with nearly 21 years experience in the design/build, development, re-development and acquisition of commercial, educational, healthcare and other properties. In addition, JGPCO is recognized as a leader in both the New Jersey and Pennsylvania markets with a client and tenant roster that includes Merrill Lynch, Weyerhaeuser Co., Federal Express, Cryovac/Sealed Air, Gargiulo Produce, Westfield Medical Center, Flemington BMW and Schuetz Containers, among others. JGPCO presently holds an investment portfolio of over 3 million square feet of prime industrial, retail and office space. The firm is based in Asbury, New Jersey and also maintains offices in Bethlehem, Pennsylvania. For additional information on J.G. Petrucci Co., Inc., please visit our website at www.jgpetrucci.com.
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